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NBT Equities Research CEO Tobin Smith on why investors should look beyond Facebook for their portfolios.
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Brightly as they can you know if you look at the overall market there really is about technology you look at the NASDAQ overall for the first three months of the year -- -- cement.
Is now joining me here on the floor of the -- I didn't deadly technology by the way have your filed it right -- -- I said every twelve months I do about that America.
Sir how are you are right let's talk about something that I think it's a very interesting take it only he would take this contrary -- -- eighths yes I think.
Music and we are looking in the wrong way when it comes to base that you're saying that we are completely delusion in ourselves there's gonna be the IPO of the century there other and better placed some -- look at it.
Hundred billion dollars that's gonna be such -- historic place.
But remember that that.
Actually there under utilization is somewhat peaking.
And M all deference to the to your gender it's it's more female that is -- women spent a tremendous amount of time -- that let me ask him.
You know.
Like FaceBook is about right but that's not -- to a choppy -- that -- all expressed or they're doing that yet that path you know path dot com is it is a new company that only allows it at a 150 friends -- you know everybody has a 150 friend Charlotte N com and yeah.
It's but you're saying this is kind of the new.
-- but it's a smaller number liberty are -- They get that -- at a hundred billion you're gonna have to make the assumption that they're gonna sell three times more that's now that maybe the thing that that you see value on.
He is the data because when you boil this all down -- we had a company.
This blog go public yesterday we just say this camera that -- They needed -- better it anyway whenever.
Thanks like UK -- at the end doubled I know what you're saying and it's it's about data management and -- about the rising steadily got but actually Facebook's value.
Is that data.
That they have -- a building zoo for an advertiser to say I would like to have a blind date though aides that your case you -- about thirty who again is.
Is.
There's -- that is.
That's the value Huckabee -- but my view -- I mean obviously FaceBook but of course is how many times that you -- at FaceBook and -- -- never.
Governance of their biggest challenge -- at this hundred billion dollar valuation is number one they're gonna be buying out some people clearly so that's where the kids to Graham buyout -- A billion dollars for -- revenue is Tennessee.
2000 here we are again right.
I did I did pull the gap down from Lindsay Graham and I'm still trying to PS it is okay it was it a million dollars and OK well -- Double yeah is it what you get a hundred billion market I don't -- who you are never get bigger than it -- New York Times General Motors.
Almost GE the parent let's talk about having us they also mentioned -- -- this earlier.
Mobile -- you save -- you know forget the -- the mobile labs are basically the new Internet -- you you have to.
You have to understand that.
A web site is -- 1995 strategy.
And new companies are starting on the mobile -- first and then going to the web -- second you're gonna see companies coming public here in the next three months -- up somewhat -- millennial media which is -- bad -- of advertising but that mobile -- business.
Is growing the literally almost -- but actually it's doubling every you know two and a half months.
And that business is actually using the leader of the free -- model we -- -- degree in any -- -- for a ride they're killing that.
Ira quit you -- like music all the jobs that was really where a young kid getting -- -- college look for jobs and.
The update -- all you need to do is computer if you learn computational analytics we're down to -- 8000 people right now.
-- a 100000 all right it's a new class of this event NBC news -- -- -- -- -- you can.
